NGM Insurance Co. News

Main Street America’s Surety Bond Capacity Increased to $98M

The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $98.6 million. The super-regional property/casualty insurance carrier’s previous capacity was $93.4 million. According to Main Street America, the …

Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million

The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional property/casualty insurance carrier’s previous capacity was $90.5 million. According to a statement …

Main Street America to Offer Surety, Fidelity Bonds in Louisiana

The Main Street America Group announced it has received regulatory approval from the Louisiana Department of Insurance to write commercial surety and fidelity bonds in the state. The business will be underwritten through the super-regional carrier’s NGM Insurance Co. This …

NGM Insurance Introduces Expanded Workers’ Comp Program in Virginia

The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Virginia via its network of independent insurance agents throughout the commonwealth. “The expanded pricing levels in Virginia, available through our additional writing companies, enables …

NGM Insurance Brings Expanded Work Comp Program to Vermont

The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Vermont via its network of independent insurance agents across the state. NGM’s expanded workers’ compensation product considers 10 characteristics that impact company placement, including …

A.M. Best Upgrades Ratings of Minnesota’s Austin Mutual Insurance

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from B (Fair) and the issuer credit rating to “a+” from “bb+” of Austin Mutual Insurance Co. (Austin) in Maple Grove, Minn. The outlook for both ratings has …